Capital gain Tax

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  1. Narayanan Nambiar

    Narayanan Nambiar New Member

    I inherited a land property by way of partition, and I do not know the purchase value of the property since it was purchased long back (before 1980).
    How to calculate the capital gain tax on sale of the property?
     
  2. ZED

    ZED Well-Known Member

    Sir, you should approach the Registered valuer for determining the cost of acquisition (Fair market value as on 01.04.81) of the property, and use the value as certified by him.
     
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